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  • BDO Tax & Legal Newsletter / December 2020 No.8
Newsletter:

BDO Tax & Legal Newsletter / December 2020 No.8

04 December 2020

Mariam Khuskivadze / Manager, TAX |

Amendment to the Order

Non-submission of VAT return

By the order №273 (12.11.2020) of the Minister of Finance of Georgia, an amendment has been made to the Order №996 of 31 December 2010 of the Minister of Finance on Tax Administration. In particular, Section 2 has been added to the Article 74. According to the prior edition, the following regulation applied to all tax returns: if a person does not submit a tax return, it is considered that he has in fact submitted a tax return where the amount of payable tax is equal to zero. The amendment stipulates that if a VAT payer, other than a natural person, does not submit a value added tax return, it is not considered that he has submitted a return where the amount of tax payable is equal to zero.

The order came into force from 14 November 2020.

 

Automatic refund of excess input VAT

By the order №274 (13.11.2020) of the Minister of Finance of Georgia, an amendment has been made to the Order №42 of 14 February 2019 of the Minister of Finance on approval of the Rules and Conditions for Automatic Refund of Excess Input VAT. In particular, Sections 11, 31 have been added to the Article 7. According to the amendment the surplus reflected in the calculation after 16 November 2020, within the limits of the deductible amount calculated by the VAT return, shall be returned to the taxpayer without the request of the taxpayer, based on the decision of the Head of Revenue Service.

In order to return the calculated excess input VAT to a taxpayer, in accordance with the decision of the Revenue Service, a payment order will be issued, which will be automatically sent to the State Department under the Ministry of Finance - Treasury that carries out the appropriate refund measures.

The order came into force from 17 November 2020.

 

Mandatory marking with excise stamp

By the order №267 (04.11.2020) of the Minister of Finance of Georgia, an amendment has been made to the Order №996 (31.12.2010) of the Minister of Finance on Tax Administration. In particular, Section 72  has been added to the Article 78 of the order. According to the amendment a reusable stationary beer container attached to the vehicle and/or reusable stationary beer container attached to the place of production, from which only retail supply of bottled beer takes place shall be subject to mandatory marking with excise stamp.

The mandatory marking must be conducted with an excise stamp in material form issued by the selected person. The stamp shall be placed on a visible place of the same vessel after each filling of the vessel.

The order came into force from 12 November 2020.